Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Wawa, (the “Property”) in Enola, Pennsylvania, a town which is part of the Harrisburg MSA and home to over 600,000 residents. Wawa operates on a brand new 20-year NNN ground lease, allowing for a hands-off passive form of ownership. The lease features ten percent (10%) rental increases every five years, including in the option periods. The brand-new Wawa is located along Metropolitan Way just off US-11/US-15 (15,000 VPD) and 1st Street. Wawa sits just ½ mile off Exit 65 of I-81, a major north-south interstate highway that boasts 73,000 VPD. The property can be easily accessed as it sits directly southwest of the cloverleaf interchange between I-81 (73,000 VPD) and US-11/US-15 (15,000 VPD). The 5-mile area surrounding the property boasts excellent demographics with a population of nearly 135,000 and over 57,000 households with an average household income of $103,000. Additionally, the population and number of households within a 1-mile radius of the property have grown by 8.54% and 7.28% since 2020 with growth projected to continue into 2029 at 11.96% and 12.61% respectively. In 2022, The Reserve at River’s Edge added 260-units adjacent to Wawa. There are also numerous lots available for sale and development into financial institutions and quick-service restaurants surrounding the property. Many of the retailers within Enola rank at the top of their respective chains, bolstering the strength of the retail corridor. GIANT ranks in the top 90th percentile within the U.S., McDonald’s ranks in the top 91st percentile in Pennsylvania (81st in U.S.), and Dunkin’ ranks in the top 89th percentile in the U.S. cementing them as the top performing retail locations in the country. The Summerdale Plaza also ranks in the top 79th percentile of Shopping Centers in the U.S. (Placer.ai). Wawa is one of the dominant gas station and convenience store tenants in the northeast and is quickly gaining more traction throughout the country. With over 1,000 locations, Wawa is the largest private company in Pennsylvania and 20th largest in the nation according to Forbes (2023). Wawa primarily has locations in New Jersey, Pennsylvania, Delaware, Maryland, Virginia, Florida, and Washington D.C. but have been quickly expanding in 2024 to states including Alabama, Georgia, Ohio, Kentucky, and North Carolina. BRAND NEW CONSTRUCTION IN PRIME LOCATION (HARRISBURG MSA) – The brand-new Wawa is located along Metropolitan Way just off PA-11 (15,000 VPD) and 1st Street. The property is part of the Harrisburg MSA that is home to over 600,000 residents. ABSOLUTE NNN GROUND LEASE WITH RENTAL INCREASES – Wawa operates on a brand new 20-year NNN ground lease, allowing for a hands-off passive form of ownership. The lease features ten percent (10%) rental increases every five years, including in the option periods. CLOSE PROXIMITY TO MAJOR INTERSTATE HIGHWAY (73,000 VPD) – Wawa sits just ½ mile off Exit 65 of I-81, a major north-south interstate highway that boasts 73,000 VPD. The property can be easily accessed as it sits directly southwest of the cloverleaf interchange between I-81 (73,000 VPD) and US-11/US-15 (15,000 VPD). DOMINANT TENANT – Wawa is one of the dominant gas station and convenience store tenants in the northeast and is quickly gaining more traction throughout the country. With over 1,000 locations, Wawa is the largest private company in Pennsylvania and 20th largest in the nation according to Forbes (2023). Wawa primarily has locations in New Jersey, Pennsylvania, Delaware, Maryland, Virginia, Florida, and Washington D.C. but have been quickly expanding in 2024 to states including Alabama, Georgia, Ohio, Kentucky, and North Carolina. RECENT ADJACENT DEVELOPMENTS – In 2022, The Reserve at River’s Edge added 260-units adjacent to Wawa. There are also numerous lots available for sale and development into financial institutions and quick-service restaurants surrounding the property. DENSELY POPULATED, AFFLUENT AREA – The 5-mile area surrounding the property boasts excellent demographics with a population of nearly 135,000 and over 57,000 households with an average household income of $103,000. Additionally, the population and number of households within a 1-mile radius of the property have grown by 8.54% and 7.28% since 2020 with growth projected to continue into 2029 at 11.96% and 12.61% respectively. STRONG PLACER.AI PERFORMANCE OF SURROUNDING RETAIL – Many of the retailers within Enola rank at the top of their respective chains, bolstering the strength of the retail corridor. GIANT ranks in the top 90th percentile within the U.S., McDonald’s ranks in the top 91st percentile in Pennsylvania (81st in U.S.), and Dunkin’ ranks in the top 89th percentile in the U.S. cementing them as the top performing retail locations in the country. The Summerdale Plaza also ranks in the top 79th percentile of Shopping Centers in the U.S. (Placer.ai).